PUBLISHER: Allied Market Research | PRODUCT CODE: 1108594
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108594
Enterprise asset management (EAM) is a combination of software, systems, and services used to maintain and control operational assets and equipment. The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime, and reduce operational costs. EAM involves work management, asset maintenance, planning & scheduling, supply chain management & environmental, and health & safety (EHS) initiatives.
EAM is critical for companies that need to get the most from their physical assets across the entire asset lifecycle, thus boosting the growth of the global EAM market. In addition, the software helps organizations monitor, manage, and report on the state of all their critical assets so they can be proactive about problem-solving and do not increase operational costs because of avoidable issues. This factor positively impacts the growth of the market. However, huge requirement of professionals and high dependency on data, lack of experienced professionals hamper the market growth. On the contrary, surge in deployment of EAM by enterprises is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global EAM market is segmented into component, deployment model, enterprise size, application, industry vertical, and region. Depending on component, the market is bifurcated into solutions and services. By deployment model, it is classified into on-premise and cloud. On the basis of enterprise size, it is segregated into large enterprises and small- & medium-sized enterprises. According to application, it is categorized into asset lifecycle management, predictive maintenance, facility management, inventory management, labor management, work order management, and others. As per industry vertical, it is fragmented into energy & utility, transportation & logistics, manufacturing, healthcare & life science, government & public sector, education, IT & telecommunications, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the enterprise asset management market are ABB Ltd., AssetsWorks, LLC, CGI Group Inc., IFS, International Business Machine Corporation, Infor, Oracle Corporation, SAP SE, SSG Insights, and UpKeep Technologies, Inc.
By Comonent
By Deployment Model
By Organization Size
By Application
By Industry Vertical
By Region